Stocks rose Thursday following a jobs report that showed the U.S. labor market grew at a slower pace in June.

Strategy advanced 9% as higher cryptocurrencies prices boosted the largest corporate holder of Bitcoin. Robinhood Markets rose 7.8% and Coinbase Global was up 7.2%. Both Robinhood and Coinbase were some of the stocks leading the S&P 500 for the trading session.

Tesla fell 2.8%. Elon Musk's electric-vehicle maker delivered 480,126 vehicles in the second quarter, well above Wall Street's expectation of around 406,000. The quarterly number of vehicle sales is the highest for Tesla since the 2024 fourth quarter.

SpaceX rose 0.9% to $159.25 after closing Wednesday down 7.8%. Daiwa analyst Jonathan Kees launched coverage with a Hold rating and $175 price target. Kailash Concepts, which publishes research merging quantitative data with fundamental insights, also called SpaceX returns "catastrophic."

AOL parent Bending Spoons fell 4.8% after surging 40% in its trading debut Wednesday.

Memory-chip maker Micron Technology gained 1%, paring earlier losses as chip-sector selling became uneven. Micron stock slumped 11% in the previous session.

Advanced Micro Devices stock was down 1.2% after the company slipped further away from joining the trillion-dollar club on Wednesday. The company had a market capitalization of $947 billion at the close on Tuesday but that fell to $881 billion Wednesday.

Intel rose 0.3% while Marvell Technology fell 0.7%.

Memory storage companies Sandisk, Western Digital, and Seagate Technology all dropped after booking significant losses last session.

Optical networking company Corning fell 2.6%. PC and server maker Dell Technologies declined 4.4%.

It appeared that the rotation into software stocks is continuing.

ServiceNow rose 0.5% after gaining 6.6% on Wednesday. Oracle and Adobe added 1.9% and 3.7%, respectively.

Palantir Technologies rose 5.4% to $132.46. DA Davidson upgraded the stock to a Buy rating from Neutral and raised its price target to $175 from $165. The company announced a new strategic initiative with Nvidia to build custom artificial-intelligence models for the U.S. government on Monday. Palantir shares are rebounding after bottoming last week at $107.27.

Write to Callum Keown at callum.keown@dowjones.com and Kit Norton at kit.norton@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 02, 2026 10:03 ET (14:03 GMT)

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